As the economic environment remains uncertain and volatile, the JDA team is actively investing in its current development pipeline, while strategically and patiently identifying new opportunities that will create value over the long term.
Industrial
The Industrial market has been strong for some time now, and JDA’s team continues to boast a strong pipeline. With over 6 million square feet currently under construction and another 3.8 million slated for construction, JDA’s portfolio of Industrial properties continues to grow. Now employing a long-term hold strategy, the team anticipates that these assets will be strong for years to come.
With a development footprint that runs from New Jersey to Florida and from Texas to Nevada, the team is primarily focused on target markets across the Sun Belt, the mid-Atlantic, and the Northeast.
One recently completed project is a 79,277 square foot build-to-suit distribution facility in Spartanburg’s Flatwood Commerce Park, a 1,400-acre industrial park located just off of I-85. This is the third building JDA has completed in the park, joining existing corporate neighbors BMW, Contec, and Oshkosh Defense. Flatwood Commerce Park can accommodate additional developments of 300,000 square feet up to 1 million square feet.
Multifamily
JDA’s Multifamily team is employing an expansion strategy that is focused on development, as well as some opportunistic acquisitions. While development remains its core priority, the team is strategically evaluating acquisition opportunities in attractive markets in the Sun Belt. The Multifamily portfolio currently includes 13 assets, 10 of which were developed ground-up and three of which were acquired shortly after 
construction completion.
Currently under construction, Marea is JDA’s second multifamily project in Naples, Florida, following the successful completion of Lago in Spring 2021. When completed, Marea will be the closest new apartment community to the downtown area and beaches. To best capitalize on its location and the strong rent rates in the area, the Multifamily team has been thoughtful about the community’s design, adding upgrades that will differentiate Marea from its competitors. Scheduled to deliver the clubhouse and first units in December 2022, the entire project will deliver in Summer 2023.
Self-Storage
JDA’s Self-Storage team has opened three new stores so far in 2022, its latest marking the 68th self-storage delivery by JDA over the last 5-plus years. With 47 operating stores in its current portfolio, it is expected to grow to 48 properties over the coming weeks, with the addition of Communipaw Avenue in Jersey City, New Jersey. The Storage pipeline of deals under contract has grown from 15 at the start of 2022 to 21 as of July, focused in markets in Southern California and across the Sun Belt and mid-Atlantic.
Pictured at right is the Self-Storage team’s 68th facility to open, Horseblock Road.